401(k) · DOL Form 5500 · 2024

Mag Instrument, Inc. 401(k) Plan

Data updated 2026-08-25

$12M
Total assets Small plan by assets
182
Participants Below avg headcount
59th
Percentile by assets National rank
$63,922
Avg per participant Low balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Mag Instrument, Inc. Profit Sharing Plan · Sponsored by Mag Instrument, Inc. · California · Manufacturing

$12M in assets, 182 participants

Mag Instrument, Inc.'s Mag Instrument, Inc. Profit Sharing Plan reported $12M in total assets and 182 participants in its 2024 DOL Form 5500 filing, ranking in the 59th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #8,106 in Manufacturing (17,777 peers)

Coverage in California

Mag Instrument, Inc. Profit Sharing Plan covers 182 participants in California, about 29% of the average California filer (state average ~630 per filing). Assets: $12M.

#8,106
in Manufacturing (17,777 peers)
-2.1%
assets change YoY

The plan reported a net loss of $245K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Mag Instrument, Inc. Profit Sharing Plan's mid-pack asset rank among Manufacturing and all filers

Mag Instrument, Inc. Profit Sharing Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$11,633,714 Top 41% higher than 59% of 123,620 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024

Mag Instrument, Inc. Profit Sharing Plan among mid-size filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Mag Instrument, Inc. Profit Sharing Plan sits mid-pack in the medium band (182 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Mag Instrument, Inc. Profit Sharing Plan reported net income fell from -$19K in the plan year 2023 filing to -$245K in the plan year 2024 filing.
  • Mag Instrument, Inc. Profit Sharing Plan reported participants fell from 223 in the plan year 2023 filing to 182 in the plan year 2024 filing.
  • Mag Instrument, Inc. Profit Sharing Plan end-of-year assets fell from $12M in the plan year 2023 filing to $12M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

Filing strip 952912384 · Mag Instrument, Inc. PY 2024 · 401(k)

Mag Instrument, Inc. Profit Sharing Plan · $12M · 182 · 59th

  • BOY $12M
  • SCH 182
  • EBSA 59th
  • PART 401(k)
  • TYPE near Spine Care Center 401(k) Plan
  • NET ind #8106

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Manufacturing retirement plans → · Plans in California →

Mag Instrument, Inc. Profit Sharing Plan in the asset neighbourhood

Mag Instrument, Inc. Profit Sharing PlanMag Instrument, Inc. Profit …$12MSpine Care Center 401(k) Plan$12MBankchampaign NA 401(k) Profit Sharing PlanBankchampaign NA 401(k) Prof…$12MFranklin Savings Bank 401(k) PlanFranklin Savings Bank 401(k)…$12MShared Operating Services 401(k) PlanShared Operating Services 40…$12M
End-of-year total assets ($M) among Mag Instrument, Inc. Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

California filing particulars

Total Assets (Beginning of Year)$12M
Net Assets (End of Year)$12M
Net Income-$245K
Employer EIN952912384
Plan Effective Date1988-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Mag Instrument, Inc.)

Sponsor-wide plan assets over time

All Mag Instrument, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$12M 2.217935641614965% vs 2022
2024 filing year
$11.6M$11.7M$11.8M$11.9M$12M 202220232024 $11.9M $11.6M ▼ -2.3%
Year Plans Participants Total Assets
2022 1 241 $12M
2023 1 223 $12M
2024 1 182 $12M

Nearby 401(k) Plans in California

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Mag Instrument, Inc. Profit Sharing Plan vs. nearby 401(k) plans in California, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -200204060 Total assets ($B) Participants Mag Instrument, Inc. Profit Sharing Plan, Total assets ($B): 0.011633714 · Participants: 182Mag Instrument, Inc. Profit Sharing PlanGoogle LLC 401(k) Savings Plan, Total assets ($B): 48.738057415 · Participants: 116712Google LLC 401(k) Savings PlanOracle Corporation 401(k) Savings and Investment Plan, Total assets ($B): 31.02646504 · Participants: 58962Oracle Corporation 401(k) Savings and Investment PlanIntel 401(k) Savings Plan, Total assets ($B): 24.850880304 · Participants: 55298Intel 401(k) Savings PlanApple 401(k) Plan, Total assets ($B): 24.714519387 · Participants: 101450Apple 401(k) PlanCisco Systems,Inc. 401(k) Plan, Total assets ($B): 22.728425546 · Participants: 40452Cisco Systems,Inc. 401(k) Plan
Mag Instrument, Inc. Profit Sharing Plan vs. nearby 401(k) plans in California, assets vs. participants
Compare Mag Instrument, Inc. Profit Sharing Plan side-by-side with 3 peers →

Mag Instrument, Inc. Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount

Outside California, the nearest 401(k) by assets is Spine Care Center 401(k) Plan in UT ($12M); by covered participants it is Fortis Lux Advantage 401(k) in FL (182 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($12M here).

Similar participant headcount

Nearest other-state filings by covered participants (182 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Mag Instrument, Inc. Profit Sharing Plan assets move in 2024? ▼
Mag Instrument, Inc. Profit Sharing Plan edged down modestly - down 2.1% during 2024, from $12M to $12M. Reported net income was -$245K.
How have Mag Instrument, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Mag Instrument, Inc.'s sponsor-wide assets declined 2.2%, from $12M to $12M.
Which 401(k) plans are similar in size to Mag Instrument, Inc. Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Spine Care Center 401(k) Plan in UT ($12M, 16 participants).
Which 401(k) plans cover a similar participant headcount to Mag Instrument, Inc. Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Fortis Lux Advantage 401(k) in FL (182 participants, $2M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 952912384.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.